31 Dec 2012
|
|
|
|
|
|
Jan - Dec 12
|
| |
Ordinary Income/Expense
|
|
| |
|
Income
|
|
| |
|
|
2008 Regular Assessment
|
175.00
|
| |
|
|
2009 Regular Assessment
|
175.00
|
| |
|
|
2010 Regular Assessment
|
350.00
|
| |
|
|
2011 Regular Assessment
|
271.00
|
| |
|
|
2012 Regular Assessment
|
32,582.50
|
| |
|
|
2006 Special Assessment
|
120.00
|
| |
|
Total Income
|
33,673.50
|
| |
|
Expense
|
|
| |
|
|
Administrative
|
730.53
|
| |
|
|
Annual Meeting
|
52.15
|
| |
|
|
Chemicals
|
15.20
|
| |
|
|
Fees, License and Taxes
|
61.25
|
| |
|
|
Ground Maintenance
|
8,531.89
|
| |
|
|
Insurance
|
2,229.94
|
| |
|
|
Legal Fees
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|
| |
|
|
|
Collected Legal Fees
|
-16,142.19
|
| |
|
|
|
Legal Fees - Other
|
3,449.64
|
| |
|
|
Total Legal Fees
|
-12,692.55
|
| |
|
|
Postage and Meter Rental
|
754.71
|
| |
|
|
Repairs & Maintenance
|
2,414.40
|
| |
|
|
Sprinkler Maintenance & Repair
|
265.00
|
| |
|
|
Storage Unit
|
1,110.88
|
| |
|
|
Utilities
|
296.82
|
| |
|
Total Expense
|
3,770.22
|
| |
Net Ordinary Income
|
29,903.28
|
| |
Other Income/Expense
|
|
| |
|
Other Income
|
|
| |
|
|
Estoppel
|
650.00
|
| |
|
|
Interest Income
|
230.35
|
| |
|
|
Other Miscellaneous Income
|
194.00
|
| |
|
Total Other Income
|
1,074.35
|
| |
Net Other Income
|
1,074.35
|
|
Net Income
|
|
30,977.63
|
| |
|
|
|
|
|
| |
|
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|
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|
12/31/2012
|
Accrual
|
|
Cash
|
|
|
|
|
ASSETS
|
|
|
|
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|
| |
Current Assets
|
|
|
|
|
|
|
| |
|
Checking/Savings
|
|
|
|
|
|
|
| |
|
|
Chase Operating Account
|
26,795.17
|
|
26,795.17
|
|
|
|
| |
|
|
Chase Reserve Account
|
15,286.88
|
|
15,286.88
|
|
|
|
| |
|
Total Checking/Savings
|
42,082.05
|
|
42,082.05
|
|
|
|
| |
|
Accounts Receivable
|
|
|
|
|
|
|
| |
|
|
Due from members
|
6,176.90
|
|
-4.00
|
|
|
|
| |
|
|
Advance payments
|
-6,090.00
|
|
-6,090.00
|
|
|
|
| |
|
|
Advance discounts
|
-220.00
|
|
0.00
|
|
|
|
| |
|
Total Accounts Receivable
|
-133.10
|
|
-6,094.00
|
|
|
|
| |
Total Current Assets
|
41,948.95
|
|
35,988.05
|
|
|
|
| |
Fixed Assets
|
|
|
|
|
|
|
| |
|
Accumulated Depreciation
|
-16,233.78
|
|
-16,233.78
|
|
|
|
| |
|
Entrance Fencing
|
11,800.00
|
|
11,800.00
|
|
|
|
| |
|
Entrance Lighting
|
2,075.00
|
|
2,075.00
|
|
|
|
| |
|
Entrance Signage
|
2,300.00
|
|
2,300.00
|
|
|
|
| |
|
Golf Cart
|
2,133.78
|
|
2,133.78
|
|
|
|
| |
Total Fixed Assets
|
2,075.00
|
|
2,075.00
|
|
|
|
| |
Other Assets
|
|
|
|
|
|
|
| |
|
Deposits
|
50.00
|
|
50.00
|
|
|
|
| |
Total Other Assets
|
50.00
|
|
50.00
|
|
|
|
|
TOTAL ASSETS
|
44,073.95
|
|
38,113.05
|
|
|
|
|
LIABILITIES & EQUITY
|
|
|
|
|
|
|
| |
Equity
|
|
|
|
|
|
|
|
| |
|
Opening Bal Equity
|
2,174.76
|
|
2,174.76
|
|
|
|
| |
|
Retained Earnings
|
24,451.11
|
|
4,960.66
|
|
|
|
| |
|
Net Income
|
17,448.08
|
|
30,977.63
|
|
|
|
| |
Total Equity
|
44,073.95
|
|
38,113.05
|
|
|
|
|
TOTAL LIABILITIES & EQUITY
|
44,073.95
|
|
38,113.05
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
6176.9
|
Actual due from members
|
| |
|
|
|
|
|
-220
|
Discounts applied
|
|
| |
|
|
|
|
|
4
|
Member overpayment
|
|
|
|
